signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 194.20/194.02 whereas the lower border goes across 193.77/194.02. The pattern width is measured on the chart at 43 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 194.02 is broken, the price could continue its move toward 194.17.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 164.71; the lower boundary is 164.55. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3938; the lower boundary is 1.3925. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 195.99
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